0 UndisclosedWoodbridge Township, NJ 07001
- Retail properties
- 5,000 SF
Property Details for 0 Undisclosed
- Lot size
- 0.09 AC
- Property size (Sq ft)
- 5,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Class A retail property in Avenel, New Jersey, presents a lucrative investment opportunity. Located in Woodbridge Township, Middlesex County (zip code 07001), this single-story building sits on approximately 0.09 to 1.1 acres of land and boasts 5,000 square feet of net rentable space. Currently operating at 100% occupancy with a franchisee tenant, the property offers a strong net operating income (NOI) of $119,000, resulting in a compelling 4.03% cap rate. The asking price is $2,950,000, translating to $590 per square foot. The property is zoned for convenience store, quick-service restaurant (QSR), and restaurant uses. Ample parking is available with 65 spaces. The lease is a triple-net (NNN) lease with zero years remaining, presenting an opportunity for immediate repositioning or continued operation under the existing tenant. The property features a single building with one story and is suitable for a variety of retail and food service concepts. Do not disturb the existing tenant. This is a corporate-owned property.
Location Insight
- City
- Woodbridge Township
- County
- Middesex
- State
- New Jersey
- Latitude
- 40.5827
- Longitude
- -74.2708
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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